(7) (products, which of the procedures can most likely help him?) When the auditor want to know the change of cost-allocated method of several A. Inspection of assets & inquiryC. Inquiry & recalculatingB. Confirmation & inspection of documentationD. Recalculating & observation(8) () What is the level of assurance and type of opinion that can be provided on a reviewengagement?Level of assuranceReport wordingAReasonablePositiveNegativeBReasonableCLimitedPositiveLimitedNegativeD(9) Which of the following financial statement assertions is least relevant to the audit ofinventory?A. CompletenessB. Existenceс. ОссиrenceD. Classification(10) () Which of the following should the auditors obtain from the predecessor auditorsbefore accepting an audit engagement?A. Analysis of balance sheet accounts.B. Analysis of income statement accounts.C. Information about audit fees.D. Facts that might bear on the integrity of management.

“Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: (7) ( ) When the auditor want to know…

(7) ( ) When the auditor want to know the change of cost-allocated method of several products, which of the procedures can most likely help him?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 10Q: What are the six characteristics of a good performance measurement system?

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Question

(7) (
products, which of the procedures can most likely help him?
) When the auditor want to know the change of cost-allocated method of several

A. Inspection of assets & inquiry
C. Inquiry & recalculating
B. Confirmation & inspection of documentation
D. Recalculating & observation
(8) (
) What is the level of assurance and type of opinion that can be provided on a review
engagement?
Level of assurance
Report wording
A
Reasonable
Positive
Negative
B
Reasonable
C
Limited
Positive
Limited
Negative
D
(9) Which of the following financial statement assertions is least relevant to the audit of
inventory?
A. Completeness
B. Existence
с. Оссиrence
D. Classification
(10) (
) Which of the following should the auditors obtain from the predecessor auditors
before accepting an audit engagement?
A. Analysis of balance sheet accounts.
B. Analysis of income statement accounts.
C. Information about audit fees.
D. Facts that might bear on the integrity of management.

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